KRG Publishes Monthly Export Report for October 2015

KRG exported 18,461,357 barrels of crude oil - an average of 595,528 barrels per day

Date Added
Wed 18th Nov

The Kurdistan Regional Government (KRG) today publishes the monthly export report for October 2015. KRG exported 18,461,357 barrels of crude oil (an average of 595,528 barrels per day (bpd)) in the month of October through the Kurdistan pipeline network to the port of Ceyhan in Turkey.

Of this amount, fields operated by the KRG contributed 13,611,252 barrels (439,073 bpd on average), while fields operated by the North Oil Company (NOC) contributed 4,850,105 barrels (an average of 156,455 bpd).

Due to circumstances beyond the KRG’s control, during October there were 3 days of downtime for the export pipeline, caused mainly by attempts at sabotage and theft.

In October, the KRG continued to increase its direct oil sales in Ceyhan to compensate the Region for the budget shortfalls from the federal government in Baghdad.

The KRG will continue to work with its counterparts in the federal government to reach a resolution on all the outstanding issues of oil and gas and in this regard it sees an opportunity for solid progress in the forthcoming discussions over the 2016 federal budget.